Trump Announces $200 Billion in Deals With UAE 👉 Updatem News

The president said economic commitments secured in the Middle East will boost U.S. manufacturing and national security.

President Donald Trump announced more than $200 billion in additional investment deals secured with the United Arab Emirates (UAE) on May 15 during his visit to Abu Dhabi, cementing the United States’ partnership with the Arabian Peninsula nation.

A previous agreement made in March with the country included a 10-year, $1.4 trillion investment framework targeting artificial intelligence infrastructure, semiconductors, energy, and manufacturing.

The new Abu Dhabi agreements span industries critical to U.S. economic and national security, including aerospace, aluminum, artificial intelligence, energy, and nuclear technology, among others.

A $60 billion oil and gas production expansion deal will contribute to lower energy costs, create skilled jobs in both nations, and reinforce U.S. energy leadership, said the White House.

Holtec International and the UAE’s Industrial Holding Company are also investing $30 billion to build a fleet of small modular reactors—a new type of smaller-scale nuclear technology—starting in Michigan.

Boeing and GE Aerospace secured a $14.5 billion deal to deliver airplanes to Etihad Airways, an investment that will support 60,000 American jobs, according to the White House.

Emirates Global Aluminum agreed to pour $4 billion into a smelter facility in Oklahoma, the first of its kind in the United States in 45 years. The move is set to double U.S. aluminum production capacity and expand the local workforce by about 1,000 positions.

A pivotal component of the agreements is a bilateral artificial intelligence pact that commits the UAE to invest in U.S. data centers. It also includes unprecedented commitments to align national security regulations with the U.S., ensuring protections against the diversion of American technology to countries, like China, that are known to steal intellectual property.

Long a vital commercial partner for the United States in the Middle East, the U.S. relationship with the UAE was galvanized by the Abraham Accords brokered during Trump’s first term.

The UAE’s embassy posted on the social media platform X on May 14 that the “partnership is fueling innovation, creating jobs and fostering economic growth across industries.”

In 2023, the nation’s foreign direct investment in the United States reached $35 billion, supporting over 33,000 American jobs, according to a statement from the White House. Bilateral goods trade in 2024 hit an estimated $34.4 billion, with the United States enjoying a $19.5 billion trade surplus, its third largest globally.

These deals are part of a broader $2 trillion in economic commitments from the Gulf region, including $600 billion in investments from Saudi Arabia and $1.2 trillion in trade with Qatar.

The latest agreements build on Trump’s plans to channel capital into American innovation, jobs, and infrastructure at home while expanding U.S. market access in the Gulf and prioritizing national and economic security, according to the White House.

While on his Middle East trip, the president also announced Thursday that another nearly $25 billion in investment was secured from American companies.

Biopharma company Sanofi is responsible for $20 billion of the commitments, with a plan to invest in U.S. manufacturing, research, and development.

“Our expected investments in the [United States] will be substantial and will help ensure the production of key medicines,” Paul Hudson, Sanofi’s CEO, said in a statement.

Kraft Heinz, known for making ketchup, macaroni and cheese, and other food products, announced $3 billion in investments to upgrade its manufacturing facilities across the United States.

Original News Source Link – Epoch Times

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